Former Russian President Dmitry Medvedev warned today that his country, a major grain exporter, could limit agricultural exports to “friendly” countries only after Western sanctions were imposed on Moscow over its invasion of Ukraine.
Medvedev, Russia ‘s deputy secretary of the Security Council, said he would like to present “some simple but important facts about food security in Russia”.
Most of them have been part of the country’s agricultural policy for years.
“We will provide food and agricultural products to our friends,” Medvedev said on social media. “Fortunately we have many and they are not in Europe or North America.”
Russia already supplies grain mainly to the countries of Africa and the Middle East. The EU and Ukraine are its major competitors in the grain trade.
“Russia’s domestic market and price control are a priority,” Medvedev said. Russia has imposed grain quotas and taxes since 2021 in a bid to stabilize domestic food prices.
Cereal exports to Russia’s “friends” will be paid for both in rubles and in the countries’ national currencies, he explained.
SOURCE: ΑΠΕ-ΜΠΕ
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
